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Finra Exam Series-6 Topic 4 Question 55 Discussion

Actual exam question for Finra's Series-6 exam
Question #: 55
Topic #: 4
[All Series-6 Questions]

On Friday, August 6th, the Board of Directors of Ecolab (ECI) announced that it would pay a dividend of $0.155 a share to shareholders of record as of Tuesday, September 21st.The dividend checks were scheduled to be mailed on Friday, October 15th. In this scenario, the payment date is:

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Suggested Answer: D

After his market order to buy shares of GOOG is executed, Mr. Shortfall must pay for the shares within 5 business days. If he is unable to do so within this time period, GetErDone can request an extension from FINRA or another SRO for him.


by Elke at Feb 06, 2023, 08:53 PM

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Cyril
2 months ago
I bet the CFO at Ecolab is having a dividendful day with this announcement!
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Cristy
2 months ago
I'm pretty sure the answer is C. Tuesday, September 21st. It's the date the shareholders of record are set, so that's when the payment should be made.
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Ciara
8 days ago
Definitely, it's good to know when to expect dividend payments.
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Glenna
9 days ago
It's important to keep track of these dates as a shareholder.
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Josephine
11 days ago
Yes, that's correct. The dividend checks will be mailed on that day.
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Jerry
1 months ago
I agree, the payment date is Tuesday, September 21st.
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Monte
2 months ago
Hmm, this one's tricky. I'm going to go with C. Tuesday, September 21st. It makes sense that the payment date would be the date the shareholders of record are determined.
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Graciela
19 days ago
Yeah, C is the payment date since that's when the shareholders of record are determined.
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Berry
20 days ago
I agree, C does make sense based on the information provided.
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Cyril
25 days ago
I think you're right, C seems like the most logical choice.
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Rodolfo
3 months ago
I think the answer is D. None of the above. The payment date is not any of the options given.
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Mari
1 months ago
D) none of the above.
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Gerardo
2 months ago
C) Tuesday, September 21st.
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Laura
2 months ago
B) Friday, September 17th.
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Jesusita
2 months ago
A) Friday, August 6th.
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Kallie
2 months ago
D) none of the above.
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Brent
2 months ago
C) Tuesday, September 21st.
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Tyisha
2 months ago
B) Friday, September 17th.
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Grover
3 months ago
A) Friday, August 6th.
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Cammy
3 months ago
I'm not sure, but I think it's C) Tuesday, September 21st because that's the record date for shareholders.
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Denise
3 months ago
The payment date is clearly Tuesday, September 21st. That's the date the shareholders of record will receive the dividend checks.
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Portia
2 months ago
Yes, it's definitely Tuesday, September 21st.
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Sunny
3 months ago
I agree, the payment date is Tuesday, September 21st.
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Linwood
3 months ago
I agree with Sharmaine, the dividend checks are scheduled to be mailed on that date.
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Sharmaine
3 months ago
I think the payment date is C) Tuesday, September 21st.
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